Negative binomial distributed failure; service level; parameter interpretation
Issue Date
2008-12
Publisher
ASIA-PACIFIC JOURNAL OF OPERATIONAL RESEARCH
Citation
ASIA-PACIFIC JOURNAL OF OPERATIONAL RESEARCH, v. 25, Issue. 6, page. 827-835
Abstract
This paper deals with the analysis of uncertain parameters in the (S - 1, S) inventory control policy. In order to determine the number of spare parts under the policy, parameters in a probability model for the number of failures during a replenishment lead time should be interpreted first. In case of the negative binomial distributed failures, the presented interpretation facilitates the incorporation of experts&apos